BitShares Forum
Main => General Discussion => Topic started by: gamey on January 25, 2015, 02:10:56 am
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Does anyone understand this? This thing has went up 50% in past 24 hours and with a lot of volume. (if you are to believe it)
Is it being pumped somewhere? What would there be to pump? Who would buy it? Anyone have any insight?
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1. It has fallen too much the past month;
2. It has big exchanges like okcoin, huobi which means big money can easily flow in.
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Does anyone understand this? This thing has went up 50% in past 24 hours and with a lot of volume. (if you are to believe it)
Is it being pumped somewhere? What would there be to pump? Who would buy it? Anyone have any insight?
I do.
http://www.reddit.com/r/litecoin/comments/2tgjto/official_litecoin_developers_and_litecoin/
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It's a pump by those who dumped BTC downward.
Not speculation.
Traders worked together and pooled coins/borrowed coins. They waited for the moments when everyone went long, pressured price downward a little, helped with momentum when it started rolling over, took massive 50x positions and shorted all the way down. Went long 50x at the bottom and caught it while also rebuying on market as a catchers mitt. Helped rebound price while also in 50x, sold btc on the way up and set positions to close off 50x on way up. Started pumping LTC while going 50x on LTC. It's REALLY easy to move markets when you work together and reap absurd amounts of profit on 50x leverage.
Note: I heard the plans at 325.
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It's a pump by those who dumped BTC downward.
Not speculation.
Traders worked together and pooled coins/borrowed coins. They waited for the moments when everyone went long, pressured price downward a little, helped with momentum when it started rolling over, took massive 50x positions and shorted all the way down. Went long 50x at the bottom and caught it while also rebuying on market as a catchers mitt. Helped rebound price while also in 50x, sold btc on the way up and set positions to close off 50x on way up. Started pumping LTC while going 50x on LTC. It's REALLY easy to move markets when you work together and reap absurd amounts of profit on 50x leverage.
Note: I heard the plans at 325.
This would happen on Bitfinex?
Why would they wait for everyone to go long before starting the process?
I'm always trying to understand markets.. I guess almost no one really does but I always feel like I'm behind.
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It was slowly rising, and a big short got margin called this morning and the prices spiked +100% for a minute and went back down. Since then its been rocketing higher. (I posted a thread about it this morning but it got deleted apparently).
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You ever thought about LTCs long term expectation ???
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You ever thought about LTCs long term expectation ???
Which would not be 50% in 24 hours going UP.
Hpenvy's suggestion showed something but not enough for the volume we saw IMO.
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http://www.reddit.com/r/litecoin/comments/2tgjto/official_litecoin_developers_and_litecoin/cnywl9x
"For the last half a year I have also been independently consulting a banking organization that is interested in integrating cryptocurrency into their financial service offering. They are integrating Bitcoin and Litecoin (as well as possibly Etherium in the future). This is a major project for cryptocurrency ecosystem in general and will be announced in the next few months."
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http://www.reddit.com/r/litecoin/comments/2tgjto/official_litecoin_developers_and_litecoin/cnywl9x
"For the last half a year I have also been independently consulting a banking organization that is interested in integrating cryptocurrency into their financial service offering. They are integrating Bitcoin and Litecoin (as well as possibly Etherium in the future). This is a major project for cryptocurrency ecosystem in general and will be announced in the next few months."
Ohh I read/skimmed that post but nothing jumped out at me. This explains it. Ugh.
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It was slowly rising, and a big short got margin called this morning and the prices spiked +100% for a minute and went back down. Since then its been rocketing higher. (I posted a thread about it this morning but it got deleted apparently).
I assume you are talking about bitcointalk...
Can you "repost" it here on us? ;)
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I totally hate announcements of announcements ...
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http://www.reddit.com/r/litecoin/comments/2tgjto/official_litecoin_developers_and_litecoin/cnywl9x
"For the last half a year I have also been independently consulting a banking organization that is interested in integrating cryptocurrency into their financial service offering. They are integrating Bitcoin and Litecoin (as well as possibly Etherium in the future). This is a major project for cryptocurrency ecosystem in general and will be announced in the next few months."
Ohh I read/skimmed that post but nothing jumped out at me. This explains it. Ugh.
This is fueling it today:
https://www.coinbase.com/lunar
The flag on the moon says Bitcoin but you know speculators.
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http://www.reddit.com/r/litecoin/comments/2tgjto/official_litecoin_developers_and_litecoin/cnywl9x
"For the last half a year I have also been independently consulting a banking organization that is interested in integrating cryptocurrency into their financial service offering. They are integrating Bitcoin and Litecoin (as well as possibly Etherium in the future). This is a major project for cryptocurrency ecosystem in general and will be announced in the next few months."
Ohh I read/skimmed that post but nothing jumped out at me. This explains it. Ugh.
This is fueling it today:
https://www.coinbase.com/lunar
The flag on the moon says Bitcoin but you know speculators.
The LTC creator works at coinbase, and it's a fine speculation. Easy enough to spread rumors I suppose.
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http://www.reddit.com/r/litecoin/comments/2tgjto/official_litecoin_developers_and_litecoin/cnywl9x
"For the last half a year I have also been independently consulting a banking organization that is interested in integrating cryptocurrency into their financial service offering. They are integrating Bitcoin and Litecoin (as well as possibly Etherium in the future). This is a major project for cryptocurrency ecosystem in general and will be announced in the next few months."
Ohh I read/skimmed that post but nothing jumped out at me. This explains it. Ugh.
This is fueling it today:
https://www.coinbase.com/lunar
The flag on the moon says Bitcoin but you know speculators.
Hahaha, speculators gonna speculate. They even got an enticing soundclip up (https://www.coinbase.com/assets/lunar/spinning-dock.mp3).
Mooncoin is back (http://coinmarketcap.com/currencies/mooncoin/) from the dead as well, hilarious as always :P
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So coinbase might sell LTC ?
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If coinbase starts selling LTC thats great, because then its not hard to move from that to coinbase selling more cryptos such as BTS.
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If coinbase starts selling LTC thats great, because then its not hard to move from that to coinbase selling more cryptos such as BTS.
We don't want them to trade BTS .. we want them to USE bitUSD and establish a gateway :)
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If coinbase starts selling LTC thats great, because then its not hard to move from that to coinbase selling more cryptos such as BTS.
We don't want them to trade BTS .. we want them to USE bitUSD and establish a gateway :)
Exactly. BTS is not the product, bitUSD is.
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If coinbase starts selling LTC thats great, because then its not hard to move from that to coinbase selling more cryptos such as BTS.
We don't want them to trade BTS .. we want them to USE bitUSD and establish a gateway :)
Exactly. BTS is not the product, bitUSD is.
Good point
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I totally hate announcements of announcements ...
I'm pretty sure Justabit (or Justascam as I like to call him) was the innovator of the "Pre-ANN!!!!" in this scene; and he started it all with FTC in 2013 then moved to PPC, then NXT.
John and those like him are a cancer to cryptocurrency and I hope I finally got rid of him after calling him out at NXT ... but I seriously doubt it. He was making too much off his scam P&D's.
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Coinbase to Open First U.S. Bitcoin Exchange:
http://recode.net/2015/01/25/coinbase-to-open-first-u-s-bitcoin-exchange/ (http://recode.net/2015/01/25/coinbase-to-open-first-u-s-bitcoin-exchange/)
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Yes, this is an historical moment - http://www.coindesk.com/coinbase-secures-approval-launch-regulated-us-bitcoin-exchange
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If coinbase starts selling LTC thats great, because then its not hard to move from that to coinbase selling more cryptos such as BTS.
We don't want them to trade BTS .. we want them to USE bitUSD and establish a gateway :)
Exactly. BTS is not the product, bitUSD is.
+5%